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INDUSTRY NEWS
Troubled Chinese developer Evergrande files for bankruptcy
Troubled Chinese developer Evergrande has filed for bankruptcy in the US as it attempts to work out an offshore debt restructuring plan for its $468 billion in liabilities.
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INDUSTRY NEWS
40,000 low-income earners able to access the government’s shared equity scheme
Up to 40,000 low-income earners will get additional government help to purchase a home under the new Help to Buy scheme.
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INDUSTRY NEWS
New listings on the rise, with more stock on the way
New listings are on the rise in Sydney and Melbourne, but the smaller capital cities could be about to see an influx of new stock according to new data.
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INDUSTRY NEWS
Building industry says “yes we can” build 1.2 million homes
The building industry has thrown its support behind the Federal Government’s “ambitious” plans to build 1.2 million homes over five years to tackle the ongoing housing crisis.
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INDUSTRY NEWS
Inside Amazon founder Jeff Bezos’ $760 million property portfolio
He might have lost the title of world’s richest man, but Amazon founder Jeff Bezos has still been able to build a staggering property portfolio worth more than $760 million.
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INDUSTRY NEWS
New listings on the rise in Sydney and Melbourne
New listings are rapidly rising across Sydney and Melbourne, setting up a busy spring for agents, according to a new report.
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INDUSTRY NEWS
Sydney’s vacancy rate tightens again putting more pressure on renters
Relief for Sydney tenants has been short-lived with new data showing the vacancy rate has fallen again in July.
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INDUSTRY NEWS
Businesses flee secondary office buildings
The flight to quality across the office sector continues to see businesses move towards higher quality spaces in a trend that is likely to continue.
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INDUSTRY NEWS
Western Australian regional towns record double-digit growth
Tight stock levels and heavy demand continue to put upward pressure on prices in most of Western Australia’s large regional centres, according to new data.
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INDUSTRY NEWS
Real estate group creates AI avatar to liaise with buyers
In an American first, a luxury real estate group in the US has created an AI avatar that buyers can liaise with to search for homes.
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INDUSTRY NEWS
High end regional property markets continue to struggle
Regional Australia’s housing market has declined over the past 12 months, with the high-end Covid hotspots continuing to lag more affordable locations.
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INDUSTRY NEWS
Stunning 3D-printed hotel to be created in Texas
Cutting-edge 3D printing technology will be used to create a stunning hotel in Texas that will feature never before seen architecture.
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INDUSTRY NEWS
Falling land sales to add to housing pain
Despite the ongoing housing crisis and record levels of immigration increasing demand for homes, land sales have collapsed.
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INDUSTRY NEWS
The proportion of eco-friendly homes on the rise
The number of eco-friendly listings is on the rise, with more homes being both built and marketed with features like solar panels or water tanks according to new data.
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INDUSTRY NEWS
Apartments emerge as a top investment candidate
Strong demand for apartments has made units an enticing proposition for investors, with a host of locations likely to see rising prices in the next six months.
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INDUSTRY NEWS
US-based Compass is cash flow positive for the first time since going public
Compass, the largest real estate brokerage in the US, has posted a profit for the first time since going public and has increased its market share.
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INDUSTRY NEWS
Art the leading luxury investment, not real estate
Art has topped the list of best-performing luxury investment class ahead of other popular categories including watches, jewellery and coins.
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INDUSTRY NEWS
Relief for Perth renters as vacancy rates rise
Perth renters might be starting to get some relief, with new data showing that vacancy rates have risen for the first time in six months.
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INDUSTRY NEWS
Fixed rate mortgage cliff hasn’t hurt borrowers yet
With the fixed rate mortgage cliff already underway, there’s still no sign of distressed sellers or a blowout in arrears according to an expert.
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INDUSTRY NEWS
Profitable resales in New Zealand fall to the lowest level in eight years
Falling property prices across New Zealand has seen the number of homes sold for a gain tumble to the lowest level since 2015.
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INDUSTRY NEWS
Queensland and Western Australia seeing increased demand for office space
While office vacancy rates are rising in Sydney and Melbourne, demand has lifted Queensland and Western Australia according to an expert.
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INDUSTRY NEWS
Vacancy rate easing was just a “blip” according to new research
Rising vacancy rates in certain suburbs might just have been a “blip” with new data showing the number of available rentals in some areas is again starting to fall.
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INDUSTRY NEWS
REACH Australia & New Zealand aim to help more PropTech companies in 2024
PropTech accelerator REACH Australia & New Zealand continues to encourage new PropTech innovation in the real estate industry and is opening applications for its fifth cohort in 2024.
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INDUSTRY NEWS
Old police station transformed into a family home for sale
A former police station that has been meticulously transformed into a beautiful family home is up for sale in South Australia.
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INDUSTRY NEWS
There are still affordable rentals across the country
Despite the ongoing rental crisis making life difficult for tenants, there are still suburbs that are affordable for renters according to a new report.
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INDUSTRY NEWS
Port Hughes beach shack selling for first time in 50 years
A rare Port Hughes beach shack that has been owned by one family for more than 50 years is up for sale for the first time.
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INDUSTRY NEWS
RE/MAX opens its first office in tropical Fiji
RE/MAX is set to open its first office in Fiji, with local agent Paula Benn set to lead the business as broker-owner.
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INDUSTRY NEWS
Housing affordability is driving families out of Sydney
Young families are leaving overpriced Sydney en masse, pushed out by the skyrocketing price of property according to a new report.
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INDUSTRY NEWS
The best times of day to get your email read
If you’re sick of people not replying to your emails, a new report has found you might be sending them at the wrong time or on the wrong day.
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INDUSTRY NEWS
Perth house prices hit another record high
The Perth property market continues to steadily increase in value, with prices hitting a new record high of $560,000 in July.
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INDUSTRY NEWS
REIACT hosts the first Australian Auslan interpreted Auctioneering Championships
The Real Estate Institute of the Australian Capital Territory (REIACT) has hosted the first Australian Auslan interpreted Auctioneering Championships, in a push to build awareness for hearing-impaired home buyers.
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INDUSTRY NEWS
Domain launches new AI-powered agent tool
Domain has launched a new AI-powered tool that will help agents identify properties within their CRM, that are likely to come to market within the next 12 months.
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INDUSTRY NEWS
More student accommodation needed to keep up with demand
Developers haven’t been building enough student accommodation, and with international student numbers surging, it’s been putting more pressure on housing supply according to an expert.
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INDUSTRY NEWS
Property prices have nearly recovered all their declines
Property prices rallied again in July and have now nearly recovered all of their 2022 declines, according to PropTrack.
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INDUSTRY NEWS
Adelaide house prices hit a new record high of $700,000
Adelaide’s property market has been arguably the best performed over the past few years, with the median house price hitting another record high in June.
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